Emerald Advisers LLC Makes New $12.36 Million Investment in Diodes Incorporated $DIOD

Emerald Advisers LLC purchased a new position in Diodes Incorporated (NASDAQ:DIOD) during the first quarter, HoldingsChannel reports. The firm purchased 181,053 shares of the semiconductor company’s stock, valued at approximately $12,359,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Diodes by 49.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 464,429 shares of the semiconductor company’s stock worth $24,712,000 after purchasing an additional 153,905 shares during the period. Evergreen Capital Management LLC purchased a new position in Diodes during the 4th quarter worth $476,000. Bessemer Group Inc. grew its stake in Diodes by 14.5% during the 4th quarter. Bessemer Group Inc. now owns 419,648 shares of the semiconductor company’s stock valued at $20,707,000 after purchasing an additional 53,039 shares during the last quarter. Tributary Capital Management LLC increased its holdings in Diodes by 7.1% in the 4th quarter. Tributary Capital Management LLC now owns 346,023 shares of the semiconductor company’s stock worth $17,073,000 after buying an additional 22,903 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Diodes by 2.8% during the fourth quarter. Vanguard Group Inc. now owns 6,154,859 shares of the semiconductor company’s stock worth $303,681,000 after purchasing an additional 166,603 shares during the last quarter. 99.23% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Andy Tsong sold 1,582 shares of Diodes stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $106.95, for a total value of $169,194.90. Following the transaction, the senior vice president directly owned 48,170 shares in the company, valued at $5,151,781.50. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Richard Dallas White sold 3,000 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $106.17, for a total transaction of $318,510.00. Following the sale, the insider owned 8,071 shares in the company, valued at $856,898.07. The trade was a 27.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 70,981 shares of company stock valued at $7,616,906. 1.70% of the stock is currently owned by company insiders.

Diodes Price Performance

Diodes stock opened at $92.29 on Tuesday. Diodes Incorporated has a 12-month low of $42.28 and a 12-month high of $125.99. The stock has a market cap of $4.24 billion, a P/E ratio of 50.16 and a beta of 1.88. The company has a current ratio of 3.17, a quick ratio of 1.97 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $105.44 and a 200-day simple moving average of $81.35.

Diodes (NASDAQ:DIOD) last released its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $405.47 million during the quarter, compared to the consensus estimate of $396.33 million. Diodes had a net margin of 5.50% and a return on equity of 3.48%. Diodes’s revenue for the quarter was up 22.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. Equities analysts expect that Diodes Incorporated will post 2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DIOD. Robert W. Baird set a $120.00 price target on Diodes in a report on Friday, May 8th. Zacks Research lowered shares of Diodes from a “strong-buy” rating to a “hold” rating in a report on Monday, June 15th. Finally, Truist Financial lifted their price objective on Diodes from $98.00 to $139.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $113.00.

About Diodes

Diodes Incorporated (NASDAQ: DIOD) is a global manufacturer and supplier of high‐performance discrete, logic, analog and mixed‐signal semiconductor products. Headquartered in Plano, Texas, the company designs and develops a broad range of discrete components, standard logic functions, power management circuits, interface products and array products. Its portfolio includes rectifiers, MOSFETs, general‐purpose diodes, voltage regulators, comparators, buffers and other building blocks for electronic systems.

Diodes Incorporated serves a variety of end markets such as automotive, computing, communications, consumer electronics, industrial and lighting.